A New York appeals court tossed a nearly half-billion-dollar civil fraud penalty against President Donald Trump on Thursday, according to several reports.
The penalty, which now stands at over $515 million with interest, is “excessive,” a panel of five judges found, according to the Associated Press.
Judge Arthur Engoron ordered Trump last year to pay $355 million in penalties in the case brought by New York Attorney General Letitia James, who alleged Trump inflated his net worth to secure better loans.
This is a breaking news story and will be updated.
All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact [email protected].
Republished with permission from Daily Caller News Foundation
